ST Engineering - OCBC Investment 2024-03-05: Stability With Growth Potential

• ST Engineering (SGX:S63) has delivered total returns of 20.5% over the past 12 months, outperforming the broader Straits Times Index by 19.0% over the same period based on ST Engineering's share price as of 4 March 2024

FY23 net profit growth of 10% –

• - Read this at SGinvestors.io -
• capital recycling to manage gearing levels, and
• driving operational leverage and margin improvement in core businesses.

Segmental updates

Commercial Aerospace (CA)

• - Read this at SGinvestors.io -
• Looking ahead, ST Engineering provided a positive revenue and margin outlook as Asia’s aviation recovery and higher “workscope” will continue to drive MRO demand while the appetite for new aircrafts would support the nacelle business.

Defense & Public Security (DP)

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Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2026-01-21 ST Engineering - Re-rating Story Intact.

Previous report by OCBC:
2025-11-14 ST Engineering - Unlocking Value.

Price targets by 3 other brokers at ST Engineering Target Prices.

Listing of research reports at ST Engineering Analyst Reports.

Relevant links:
ST Engineering Share Price History,
ST Engineering Announcements,
ST Engineering Dividend Payout Dates & Corporate Actions,
ST Engineering News